Hydrocarbons Under Attack
The immediate target of the financial cartel is the backbone of the world economy, the oil, coal and natural gas sector. Oil industry analysts predict that over the next five years or less investment flows into the world’s largest energy sector will fall dramatically. “Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” BlackRock’s chairman and CEO Larry Fink wrote in his 2021 letter to CEOs. Blackrock is the world’s largest investment group with over $7 trillion to invest. Another BlackRock officer told a recent energy conference, “where BlackRock goes, others will follow.”
“To continue to attract capital, portfolios have to be built around core advantaged assets – low-cost, long-life, low carbon-intensive barrels,” said Andrew Latham, Vice President, Global Exploration at WoodMac, an energy consultancy.
The Biden Administration is already making good on his pledge to phase out oil and gas by banning new leases in Federal lands and offshore and the Keystone XL oil pipeline. The oil and gas sector and its derivatives such as petrochemicals are at the heart of the world economy. The 50 largest oil and gas companies in the world, including both state-owned and publicly traded companies, recorded revenues of about $5.4 trillion in 2015.
As a new Biden Administration pushes their ideological opposition to so-called fossil fuels, the world will see a precipitous decline in oil and gas investment. The role of the Davos globalists and the ESG financial players are out to guarantee that.
And the losers will be us.
Energy prices will skyrocket as they did during the recent Texas blizzards. The cost of electricity in industrial countries will become prohibitive for manufacturing industry. But rest well. This is all part of the ongoing Great Reset and its new doctrine of ESG investing.
In 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, “…one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore…” The WEF Great Reset is not simply a big idea of Klaus Schwab reflecting on the economic devastation of the coronavirus. It has been long planned by the money masters.
Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.
F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook” where this article was originally published.
He is a Research Associate of the Centre for Research on Globalization.
Featured image is by Dennis Schroeder / NREL
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.